Automotive Shop with Fenced
1429 Webster Ave, Waco, TX 76706
For Sale
New
$345,000
Multiple vehicle-access bays, office space, and a restroom serve the building’s automotive function.
Property Size2,160 SF
Price / SF$159.72
Days on Market6
Property Features for 1429 Webster Ave
General Information
Standard status
Size
Property subtype
Zoning
Site & Location
Highway Access
Road Access
Fenced Yard
Outdoor Storage
Tenancy & Operations
Currently Operating
Real Estate Included
Additional Details
Automotive Uses
Amenities
roll-up bay doors
office area
restroom
fenced lot
Building Details
Year Built
Buildings
Listing Agency:
Weichert, Realtors - The Eastland Group
Listed By:
Jonathan Olvera · License #0732294
(254) 723-5663
Source:
Easttxhomesforsale
Added: Nov 4
Changed: Nov 8
Last Checked: Nov 8 at 4:37PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Weichert, Realtors - The Eastland Group
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Investment Insights
Based on property information with market context.
Configured for automotive work, this 2,160-square-foot building includes multiple roll-up doors, an office, and a restroom. The property was built in 1988 and has M-2 zoning. A fenced lot is part of the site, with room for additional building or storage use as described in the property information.
The building occupies a corner on Webster Ave in Waco, near downtown, the Silos District, and I-35. Its existing bay access and support spaces are suited to automotive operations.
The building occupies a corner on Webster Ave in Waco, near downtown, the Silos District, and I-35. Its existing bay access and support spaces are suited to automotive operations.
Key Highlights
- 2,160‑square‑foot automotive building
- Multiple roll‑up doors for vehicle access
- Office and restroom inside the building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,170
Cap Rate
7.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$503,400
$503.4K
Cap Rate 7%
$359,571
$359.6K
Cap Rate 9%
$279,667
$279.7K
Market Conditions
NOI Build-Up for 2,160 SF
Gross rent
$40.2K $18.60/SF
− Vacancy
−$4.2K −$1.95/SF
EGI
$36.0K $16.65/SF
− OpEx
−$10.8K −$4.99/SF
NOI
$25.2K $11.65/SF
Area
Waco, TX
Vacancy
10.50%
Lease Rate
$18.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$503,400
Cap Rate 7%
$359,571
Cap Rate 9%
$279,667
Alternative Uses
Best Use
Retail
$359.6K
$314.6K – $419.5K
NOI $25,170 @ 7.0% cap · market cap 7.30%
Second Best
Industrial
$272.7K
$238.7K – $318.2K
NOI $19,092 @ 7.0% cap · market cap 5.53%
Theoretical Best
Office A
$569.9K
$498.6K – $664.9K
NOI $39,891 @ 7.0% cap · market cap 11.56%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,454
Businesses Nearby
18k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 61%
Hotels & Casinos 18%
Shops & Services 11%
Home Improvements & Furnishings 9%
Popeyes Louisiana Kitchen
Dining
7,481 visits/mo
0.5 miles
Roberto's Taco Shop
Dining
3,525 visits/mo
0.5 miles
La Quinta Inn & Suites Waco Downtown
Hotels & Casinos
3,217 visits/mo
0.5 miles
U-Haul
Shops & Services
1,685 visits/mo
0.4 miles
Sherwin-Williams Paint Store
Home Improvements & Furnishings
1,036 visits/mo
0.5 miles
Demographics for 76706, TX
39,303
Population
16,600
Households
2.4
Avg Household Size
27
Median Age
23%
College-Educated
85%
High-School Grad
72.3 sq mi
ZIP Area
544
Density / Sq Mi
$42,277
Median Household Income
$23,954
Median Earnings
$1,063
Median Rent
$180,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- A A Texas Tires — 1500 n interstate 35 frontage rd, waco, tx 76706
- Chela's Tire Shop — 2517 Franklin Ave, Waco, TX 76710
- Omnisource United , Inc — 2100 webster ave, waco, tx 77040
- Salas Tire Service LLC — Waco, TX 76706
- Diaz Tire Shop — 725 S 18th St, Waco, TX 76706
Frequently Asked Questions
What type of property is this?
Auto shop - Multiple vehicle-access bays, office space, and a restroom serve the building’s automotive function.
Where is this auto shop located?
The property is located at 1429 Webster Ave Waco, TX.
What is the asking price?
The asking price for this property is $345,000.
What are key features of this property?
This property features: 2,160‑square‑foot automotive building; Multiple roll‑up doors for vehicle access; Office and restroom inside the building
